ENROLLED
Senate Bill No. 104
(By Senators Foster, Hall, Oliverio, Edgell, McCabe, Deem, Plymale, Minard
and McKenzie)
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[Passed March 4, 2007; in effect ninety days from passage.]
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AN ACT to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §5-10D-9, relating to
when the Consolidated Public Retirement Board shall pay
annuities.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §5-10D-9, to read as
follows:
ARTICLE 10D.CONSOLIDATED PUBLIC RETIREMENT BOARD.
§5-10D-9. When annuities to be paid.
For all of the public retirement plans administered by the
board, the board shall make monthly annuity payments on the
twenty-fifth day of each month, except the month of December, when
the board shall make the payments on the eighteenth day of December. If the date of payment falls on a holiday, Saturday or
Sunday, then the payment shall be made on the preceding workday.
All annuities shall be paid in twelve monthly payments.
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